• Corpus ID: 153785281

The Silver Standard in Prewar China, A Blessing or A Curse?

@inproceedings{Hu2013TheSS,
  title={The Silver Standard in Prewar China, A Blessing or A Curse?},
  author={Jing Hu},
  year={2013}
}
When the rest of the world sank deeper into the mire of gold shortage and the Great Depression, China, a country still adhered to the silver standard, maintained a relative independent connection to the global economy. In the initial stage of the Great Depression, Chinese economy under relative inflation benefited from the blessing of the silver standard. However, with international silver prices artificially being pushed up especially after the U.S. silver purchase act in 1934, the price of… 
1 Citations
The Monetary Transmission Mechanism in Pre-war China
When the international monetary system was on the gold standard, China was the only country adhered to the silver standard. Silver functioned as currency in China but acted as commodity in

References

SHOWING 1-10 OF 17 REFERENCES
Interpreting new evidence about China and U.S. silver purchases
Abstract This paper offers a reinterpretation of the influence on China of America's silver policy in the early 1930's. Recently compiled evidence about events in China are described and interpreted
Milton Friedman, Silver, and China
Thirty years ago, Milton Friedman and Anna Jacobson Schwartz asserted that the U.S. silver purchase policy of the 1930s imposed[] several years of drastic deflation on China" (1963, p. 699).
Chinese agriculture and the international economy, 1870–1930: A reassessment
In the literature on the pre-1949 Chinese economy, the influence of the international economy on Chinese agriculture has been a source of disagreement between scholars. While many in the West are
Franklin D. Roosevelt, Silver, and China
The silver purchase program, initiated by President Franklin Roosevelt in late 1933 in response to the economically small but politically potent silver bloc, gave a large short-run subsidy to silver
The Price of Silver and Chinese Purchasing Power
I. The "purchasing power" argument of the silver interests, and its political importance, 245. — II. China not on the silver standard: the paper currencies, 249; variety of silver coins and weights,
Commodity price shocks and international finance
This thesis examines the relationship between commodity price shocks and international finance. As movements in world commodity prices can produce important financial consequences for a country, so
Economic Growth In Prewar China (California: University of California Press, 1989),166
  • Regional Product, Money Supply and Velocity in Manchuria,
  • 1934
Economic Growth In Prewar China (California
  • 1989
...
1
2
...